Looks primed to break out from the channel in a bearish manner. Will open a bearish position on confirmation. Looking for a strong impulsive move down. .9000 looks good for a target 1. We'll see where it goes from there
Trend is your friend as the fellow below this comment so well stated. Difficult to time exactly when the breakout will occur, if it ever even does. Only then will i take a short position with that confirmation. Still waiting on this one.
congrats for being in on this long. closed a long position i had on this at the upper boundary of the channel and never re-entered on the bounce off the lower boundary. If we get a breakdown i'll be ready